Prospect Ridge Acquires Full Interest in Camelot Project

Prospect Ridge Resources Corp. has finalized its acquisition of a 100% interest in the Camelot copper-gold porphyry project from Orogen Royalties Inc. as of September 9, 2025. The deal includes an initial payment of 243,180 shares and a future payment of $175,000. The company will also grant a 1% NSR royalty to Orogen, with the option to reduce it by $1,000,000. This acquisition enhances Prospect Ridge's portfolio in the north-central British Columbia copper-gold district. A 2,000-meter drill program is planned for the fall.

Prospect Ridge's exploration efforts extend to the Castle, Excalibur, Knauss Creek, and Holy Grail projects, with surveys and mapping underway to identify drill targets. Field crews will focus on new exploration areas at Knauss Creek and Holy Grail using a fully equipped Terrace camp. Prospect Ridge is committed to maintaining respectful relationships with local First Nations on whose lands these projects are situated.